The Week: City News - SMG ponders Virgin sale

SMG is looking at selling Virgin Radio as an alternative to its proposed flotation on the stock exchange.

LongAcre Partners is running the process of inviting bids from potential trade and private equity buyers, believed to include the talkSPORT owner, UTV. The SMG chief executive, Rob Woodward, confirmed the company had received a number of bids, but declined to comment on amounts.